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to be for years and years that the government gave money to the banks in the form of guarantees, we would guarantee 90% of the bank loan that the banks made to the students. set ago is side the reserve in case the money didn't get repaid. it turned out the price of the loans went down and the default rate went down once you made the rates down, people could afford to pay it. we started letting the students to pay it at fixed percentage of north carolina. nobody had to drop out of school because they borrowed money. [cheering and applause] what the president did because he knew we needed more people to get college degrees the cost of college was killing people. we dropped from zenned in the world to 16th. the percentage of the people graduated from college until we are almost first in a percentage that go. it's because the cost and people thinking that can never pay it back. it's a big deal. what happened when president obama and the congress adopted the so-called direct student loan program and allowed students to pay that money back at the fixed percent of their income for twenty years.
. europe is a mild recession. you could argue not worse, but the government has spent 50% of the money. in asia is slower but nothing mystical or different than the newspapers. the united states is fundamentally stronger than people think much of the reasons for that a little bit later. in latin america, you know, some groups are slower, but obviously a slowdown quite a bit. >> in a show you seem sanguine about peer what about india slowing, china slowing, china slowing, china slowing and they're going they're going to need to check its good remember is to be a lot higher. they need the 7% or 8% to avoid the social unrest and to build the infrastructure. i think they're going to need that. they're going to change the leadership to be smooth and will continue former policies of the government, but they have the wherewithal. so they've got $3 trillion in reserves and capability to maintain. they move very quickly. so the stimulus package after the crisis they think was like seven months after the crisis, they did in fact, literally. so they know what they want to accomplish. i don't beli
. the protection against government sponsorship and promotion of religion, which is a vital component of religious liberty. i will just say a few words about where we are today and where we used to be. they are important right next to each other. as for the separation of church and state, the protection against government sponsorship of religion there was little and today it is far more robust, but absent flows and a lot of that depends on the current competition and chemistry of the supreme court and the rest of the federal court in state courts as well. but a while back there was virtually none. i think there is a great deal more of that protection today. it is very much in jeopardy. on the free exercise side, it is never been particularly robust in this country, unfortunately. and i think it is very fortunate. today it is a mixed bag. in 1990, the supreme court severely limited the constitutional protection for free exercise in the way that i think probably all of us at this table think was wrong. and since then, there have been legislative efforts to correct the problem. what the court said ba
, and that segues to the discussion about the political opposition. the u.s. government has been trying to talk with the turks. my understanding, and i hope you know more about this than i do that the dsnc really is not an effective organization, and which leads to the fact there suspect anybody for the -- suspect anybody for the u.s. or the syria or the u.n. or really anybody else to talk to about cutting a deal or finding a way out other than continuing bloodshed. can you talk about the political opposition? >> that's a great question as i said in the talk. the only absentee is the great debating society. the national congress, the opposition group created in the aftermath of the revolution. these guys have no support on the ground. people don't know them. their names and faces, inside the country, and they think we don't care. they are not in the country. they distributed aid, and they are quiet, but they are not anywhere close to the front lines, not gaining what they need, there's a lot of fighting, and a lot resigned. the islamists are taking over, certain facts are supported, you know, q
, between one heavy on government when it comes to medicare, medicaid, the obama health care plan and one that talks about really injecting private competition. undoubtably in the medicare, undoubtedly into health care. i talked about slowing the rate of growth by medicaid in turning over the control to the states. these are huge issues. these are big, big issues and i feel once again if you are a voter, is 26 days out. feels like the campaign really hasn't begun if you're trying to figure out, who do i vote for? >> let me ask you -- >> hologram to govern? >> you been watching paul ran for 10, 15 years now and know him pretty well. to think this is a matter of him being over coached? at times you can almost read it in the facial expressions. don't screw up any names in afghanistan. make sure you seem credible on this or that policy, many of which he hasn't been immersed in heavily in the house. the coaching may have inhibited talking about the things he does feel passion about and is informed about some of the spending and entitlement issues. >> i think you two sets of handcuffs. once on
natural rights and self-government, paul was there to hear it all, and in the book, i developed the thesis that he was able to absorb the theoretical underpinnings that would allow him to identify his innate yearning for freedom as a natural right of man. jennings and madison developed a close bond of mutual respect, but they never were able to all together bridge that very deep divide between white ellite and black slaves. nevertheless, jennings had reason to expect that he would be freed by the terms of james mandyson's will. when it didn't happen, he was given to understand that madison and his wife, dolly, had come to an understanding before he died that she would free all the 100 montpelier slaves at her death, and, indeed, when she wrote a will of her own a few years after that, she had a term giving freedom to my man, paul, the only slave so treated. she and her son, by her first marriage, payne todd, who plays the role of foil to jennings in the book, payne todd had every advantage in life and squander them, jennings had no vangs, but managed to carve out a life of meaning, neverth
Search Results 0 to 5 of about 6

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